Managerial Accounting: Objective Type Questions

Willard Manufacturing Company building, St. Al...

Managerial Accounting: Objective Type Questions in $2.50
1.Stevens Manufacturing Company reported the following year-end information: beginning work in process inventory, $180,000; cost of goods manufactured, $516,000; beginning finished goods inventory, $252,000; ending work in process inventory, $220,000; and ending finished goods inventory, $264,000. Stevens Manufacturing Company’s cost of goods sold for the year isa. $504,000.b. $528,000.c. $476,000.d. $252,000.2. Nolte Manufacturing Company reported the following year-end information:Beginning work in process inventory             $360,000Beginning raw materials inventory                  $100,000Ending work in process inventory                   $300,000Ending raw materials inventory                       $160,000Raw materials purchased                                $320,000Direct labor                                                     $300,000

Manufacturing overhead                                 $200,000